We have reported earlier about Apple’s interest in investing in Brazil. While talking about that, we also mentioned the plan from Apple’s partner Foxconn, to create factories and manufacturing units in Brazil.

Recently, Apple CEO Tim Cook said that Apple saw a “huge opportunity” in Brazil. It turns out that sales was not the only thing that Cook had in his mind. Brazil has granted iPad assembler Foxconn special exemptions from Brazilian excise and other taxes, clearing the way for iPad production to begin in South American factories.